559 East River Road, New Glasgow, (MLS® 202400946) RE/MAX nova
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559 East River Road, New Glasgow

0 0 2000 sqft
$355,000 For Sale

Description

Proudly positioned on the bustling East River Road, the main artery of New Glasgow and one of the most high-traffic streets in the province outside of HRM, this distinguished commercial building presents an unparalleled opportunity for savvy investors or businesses. Spanning 2,000 square feet on the main level, this property boasts a prime corner lot location, ensuring maximum visibility and accessibility. The building has been very well maintained and updated, reflecting a professional and modern aesthetic that is sure to appeal to a variety of business ventures. Currently, the main floor is occupied by two tenants, adding immediate value and stability to your investment. A unique feature of this property is the expansive, unfinished basement. It offers a high ceiling and two walls that are already framed, presenting a blank canvas for a multitude of purposes. The space is ripe for transformation into additional commercial units, secure dry storage units ideal for businesses needing file storage, or even residential units as there is already existing plumbing, subject to relevant permissions. This flexibility offers a potential avenue to significantly increase the property’s income. This commercial building is not just a purchase but an investment in one of the most vibrant and growing areas of the province. Whether you're expanding your portfolio or establishing your presence in the community, this property offers the perfect blend of location, flexibility, and potential.

Listing Details

Address
559 East River Road, New Glasgow, B2H 3R8

Status
ACTIVE
Listing Price
$355,000
MLS®
202400946
Type
n/a
Style
---
Age
52
Square Footage (MLA)
2,000  ft2
Total Fin SqFt (TLA)
2,000  ft2
PID
00931501

Water
Municipal
Sewer
---
Utilities
Cable,Electrical,Municipal Water,Sewer,Telephone

Building Specifications

Foundation Type
---
Roof
Rolled
Exterior Finish
---
Flooring
Concrete
RE/MAX Commercial

Garage & Parking

Garage
N
Details
---

Sales History

Demographic Data

Demographic data is based on the dissemination area that contains the listing parcel . Dissemination Areas are small areas composed of one or more neighbouring dissemination blocks. All of Canada is divided into dissemination areas. Data source: Environics Analytics via ArcGIS Online, 2021

Population Size

492

Median Age

49.4

Avg Household Size

1.7

Avg House Income

$53K

The number of people for each age range.

How the population of this area is expected to change.

The highest level of education obtained by people within this area.

The maritial status of the people in this area.

The average household income within this area.

The number of people that rent versus own.

When the buildings in the area were constructed.

The number of children at home for the given age ranges.

The occupations of the people living here.

Tax Assessment

Year Amount % Change
2023 $199,600 ---
2022 $192,700 ---
2021 $112,300 ---
2020 $117,400 ---
2019 $121,400 ---
2018 $101,500 ---
2017 $104,000 ---
2016 $111,600 ---
2015 $111,400 ---
2014 $110,700 ---
2013 $116,000 ---
2012 $121,200 ---

Maps

Last Updated On: 1/17/2024 3:18:01 PM (UTC)